Fillable Form Ia 148 - Tax Credits Schedule

2013 IA 148 Tax Credits Schedule Instructions

Attach the IA 148 Tax Credits Schedule to the tax return

Plan or college expenses under other adjustments on the

on which tax credits are being claimed. The tax credits

IA1040. Please see our expanded instructions online at

schedule is used to claim tax credits against individual

to determine if you are eligible.

income tax, fiduciary income tax, corporation income

Column B: Enter the tax credit certificate number

tax, franchise tax, and insurance premium tax liabilities.

received from the agency or organization that awarded

Each credit should be entered on a separate line. Also, a

the tax credit. Tax credits awarded before July 2006 may

separate line should be used for each unique tax credit

not have a certificate number.

certificate number.

The following nonrefundable credits do not require a

Part I: Nonrefundable Tax Credits

certificate number:

20 Charitable Conservation Contribution Tax Credit

Column A: Enter the tax credit code from the table below

04 Franchise Tax Credit

for the credit claimed on each line.

09 Minimum Tax Credit

03 Endow Iowa Tax Credit

08 New Jobs Tax Credit

04 Franchise Tax Credit (refer to worksheet IA 147)

11 S Corporation Apportionment Tax Credit

06 Housing Investment Tax Credit

23 Geothermal Heat Pump Tax Credit

07 Investment Tax Credit (refer to worksheet IA

3468)

Column C: Enter any amount carried forward from

08 New Jobs Tax Credit (refer to worksheet IA 133)

previous tax years for each of the credits being claimed,

09 Minimum Tax Credit (enclose form IA 8801 to

separating credits by certificate number.

IA 1040 and IA 1041; or form IA 8827 to IA

Column D: Enter the total amount of credit you earned

1120)

directly or received from a pass-through entity during the

10 Renewable Energy Tax Credit

current tax year (see definition of pass-through entity in

11 S Corporation Apportionment Tax Credit (enclose

instructions for Part IV). The instructions for column A

form IA 134)

indicate if a credit requires a separate form. If the credit

12 STO (School Tuition Organization) Tax Credit -

you are claiming lists a form number, please enclose that

See below*

form with your tax return. If a credit is received from a

13 Venture Capital - Fund of Funds Tax Credit

pass-through entity, Part IV must also be completed for

14 Venture Capital - Qualified Business or Seed

the credit.

Capital Fund Tax Credit (carryforward amounts

only)

Column E: Add column C to column D and enter total in

15 Venture Capital - Venture Capital Funds Tax

column E.

Credit

Column F: Enter the amount of each credit being applied

16 Wind Energy Production Tax Credit

to the current tax year. If credits available (the sum of

17 Agricultural Assets Transfer/Beginning Farmer

column F) exceed total liability (line 49 of the IA 1040

Tax Credit

for individual income tax), credits are to be claimed in

18 Film Expenditure Tax Credit

the order provided in Iowa Administrative Rule 701-

19 Film Investment Tax Credit

42.44 for individual income tax and fiduciary income tax,

20 Charitable Conservation Contribution Tax Credit

and Iowa Administrative Rule 701-52.12 for corporation

21 Redevelopment Tax Credit

income tax, franchise tax, and insurance premiums tax.

22 Solar Energy System Tax Credit

(To view the text, go to https://

23 Geothermal Heat Pump Tax Credit

IowaLaw/AdminCode/agencyDocs.aspx to review all

24 Custom Farming Contract Tax Credit

Department rules) The total of column F may not exceed

25 Innovation Fund Tax Credit

total tax liability.

*Do not claim school or college expenses paid for you or

Column G: If the entire credit is not claimed by the end

your dependents or a contribution to a College Savings

of the carryforward period, the remaining credit expires.

Iowa Advisor 529 Education Savings Plan as a School

Enter the amount of any credit that has expired. Any

Tuition Organization Tax Credit. You may be able to

Franchise Tax Credit or S Corporation Apportionment

claim K-12 school expenses using the Tuition and

Tax Credit that is not claimed in the current tax year

Textbook Tax Credit. You may be able to deduct your

expires as these credits cannot be carried forward.

College Savings Iowa Advisor 529 Education Savings

41-148b (09/03/13)

Form Ia 148 - Tax Credits Schedule - 2013 Page 2

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